When you enter the first document of the day, you must enter a currency key in the Currency/Rate field. The system defaults this currency key in all subsequent documents entered on that day. The Currency/Rate entry contains two fields: The first for the currency key and the second for the exchange rate.

You have the following options when entering an exchange rate in a document header:

• Enter the currency key. The system automatically transfers the exchange rate valid on the posting date. The exchange rate must be defined in the system.

For more information, see Posting Documents in a Foreign Currency